TITLE

TOTAL FACTOR PRODUCTIVITY GROWTH, TECHNOLOGICAL PROGRESS AND TECHNICAL EFFICIENCY CHANGE: DIMENSIONS OF PRODUCTIVITY CHANGE IN YUGOSLAVIA, 1965-78

AUTHOR(S)
Nishimizu, Mieko; Page Jr., John M.
PUB. DATE
December 1982
SOURCE
Economic Journal;Dec82, Vol. 92 Issue 368, p920
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
The objective of this paper is to propose a methodology that decomposes total factor productivity change into technological progress and changes in technical efficiency. We define technological progress as the change in the best practice production frontier, and establish its rate by direct estimation of a deterministic frontier production function.[1] We then refer to all other productivity change - for example learning by doing, diffusion of new technological knowledge, improved managerial practice as well as short run adjustment to shocks external to the enterprise - as technical efficiency change. In section I of the paper we outline our methodological framework for decomposing total factor productivity growth into technological progress and changes in technical efficiency. Section II discusses specification and estimation of the deterministic frontier production function. Section III presents an application of the technique to social sector panel data of Yugoslavia by industry and region for the period 1965-78, and discusses main empirical results. Section IV offers some concluding remarks including some policy implications of our results.
ACCESSION #
4531084

 

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